3.1 This part of the report examines the direct loss to the taxpayer and other consequences from Metronet going into PPP administration, and the progress that has been made towards a permanent solution. It sets out:
■ our estimate of the direct losses to the taxpayer as a consequence of Metronet going into administration;
■ developments since Metronet entered administration; and
■ the way that DfT has worked towards a permanent solution.